PureBase Corporation has entered into a significant loan agreement with J.J. Astor & Co., securing a principal amount of $500,000. The funds are intended for working capital and general corporate purposes. As part of the agreement, PureBase will issue 750,000 shares of its common stock to the lender, with the potential for an additional 750,000 shares if the market price does not exceed $0.50 per share within 90 days. The loan is secured by a promissory note with a maturity date of May 5, 2026, and will be repaid in 40 weekly installments. The agreement includes a senior first lien security interest in all assets of PureBase and its affiliate, Dockter Farms, underscoring the commitment to fulfilling the loan terms.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PureBase Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-022465), on August 07, 2025, and is solely responsible for the information contained therein.